Jubilant Foodworks, Sbi, Axis Bank: Top Brokerage Calls Tuesday | Rare Techy
CITI has a ‘buy’ call on Jubilant FoodWorks with a target price of Rs 714 on its shares while Bernstein has a ‘buy’ call on SBI with a target price of Rs 700 on its shares.
Jubilant FoodWorks | CITI has a ‘buy’ call on its shares on Jubilant FoodWorks with a target price of Rs 714. According to the brokerage house is positive about the new opportunities of the company in India. It also added that store expansion in Nepal will be slow and gradual.
SBI | Bernstein has an ‘outstanding’ call on SBI at Rs 700 on its shares. The brokerage house says the bank is a sector proxy that benefits from its strong deposit franchise. He adds that favorable sector headwinds will also help SBI stocks.
Axis Bank | Bernstein has an ‘outperform’ call on Axis Bank with a target price of Rs 1,000 on its shares. The brokerage house says the bank’s conversion is in progress.
Gas companies CITI says the new pipeline tariff regime that has come into force will have a positive impact on GSPL and GAIL tariffs. She added that introduction of unified tariffs is positive for GAIL.